Arlington, VA Real Estate Insights

Arlington, Virginia offers locals a residential-like atmosphere, complete with 16.03 percent tree canopy covering the city's landscape. Further, Trulia rates Arlington's active, arts, nightlife, restaurants and cafes a 5 out of 6 on its lifestyle rankings categories. The average national scores for restaurants is a mere 1.55, nightlife a 1.33, cafes a 1.66 and active a 1.42.

Arlington, located just outside of Washington D.C., provides a less energetic atmosphere than the nation's capital in a smaller setting. With 207,627 residents, Arlington is mid-sized and young - the median age for its residents is 34 years old has a salary of $107,250 per year. Given the unusually high income level in Arlington, home values follow suit. In 2015, the average list price was $669,520. However, this figure represents a 6.98 percent drop from the year prior, and declining asking prices could help new buyers enter the market more comfortably in the near future. Additionally, inventory is rising year-over-year, presumably furthering declining home prices. Between 2014 and 2015, the number of homes on the market increased 20.3 percent from 542 to 652 listings.